Nineteen measures of solvency and profitability OBJ. 2, 3 PR 17-4 The comparative financial statements of Bettancort In mber of days' T receivables, 36.5 of Bettancort Inc. common stock was $71.25 on December 31, 2016. c are as follows. The market price Bettancort Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 2016 and 2015 2015 2016 $2,655,000 $2,400,000 280,000 Retained earnings, January 1.... Add net income for year.......... . . . Total .. . . . .. 300,000 2,680,000 $2,955,000 15,000 $ 25.000 Deduct dividends: 15,000 10,000 10,000 Total.. Retained earnings, December 31 $2,930,000 $2,655,000 Bettancort Inc. Comparative Income Statement For the Years Ended December 31, 2016 and 2015 2016 2015 1,200,000 $1,000,000 475,000 $ 700,000 525,000 S 240,000 200,000 150,000 350,000 280,000 $ 175,000 225,000 $ 446,000 400,000 60,000 380,000 340,000 60,000 300,000 280,000 500,000 Selling expenses 180,000 S 420,000 166,000 66,000 80,000 Total operating expenses... Income from operations Other income Other expense (interest)... Income before income tax Income tax expense . .. Net income